Good morning,
Dr. David Greene and Dr. Jilleah Welch have released a report titled, The Impact of
Increased Fuel Economy for Light-Duty Vehicles on the Distribution of Income in the U.S.:
A Retrospective and Prospective Analysis, which was sponsored by the Energy Foundation
and Oak Ridge National Laboratory. Using data from the Bureau of Labor Statistics’
Consumer Expenditures Surveys from 1980 to 2014, they find that all income groups have
benefited from fuel economy improvements to passenger cars and light trucks.
Households experience a net savings as fuel savings are greater than the estimated cost
of fuel economy improvements. As a percent of income, net savings are progressive;
lower- and middle-income households benefit the most. The impacts of future fuel
economy standards to 2025 are also analyzed. Similarly, they find that the standards will
provide a net savings to all income groups and distributional effects are progressive.
Acknowledging the uncertainties in estimating the impact of fuel economy improvements
on vehicle prices, the authors show that results are robust to using alternative methods
for estimating costs.
http://bakercenter.utk.edu/white-paper-on-the-impact-of-increased-fuel-economy-for-
light-duty-vehicles/
Rollback Fuel Economy Standards? For Whose Benefit?
http://bakercenter.utk.edu/onpoint/
|